Review engagements (69015743) - Online

Sessions

Sessions

Description

It is important the practitioner is fully aware of the key considerations of review engagements, before they accept them.

This course provides key information about when a review can be performed instead of an audit, the current legislative/regulatory requirements relating to review engagements and the key considerations to be aware of at each stage in a review.

Key topics:

The objectives of a review of financial information

Entities that can elect to have a review under legislation

Independence

Matters to consider before a review engagement is accepted

Is a review the best approach?

Performing the review engagement

Evaluation of material misstatements

The review report

Modified review conclusions

What else do I need to know?

This one hour online course forms part of the FastClass short course suite.

Learning objectives

Decide when a review engagement is appropriate

Describe which entities can elect to have a review rather than an audit

Apply the essential elements of a review engagement

Outline the considerations in each stage of a review

Identify which AUASB review standard is appropriate for each type of review engagement

Audience

Public practitioners and auditors who audit small businesses and not for profit entities.